Please don't copy from the other answers already posted on the Chegg. I will not upvote and put spam/abuse. I will definitely upvote if the answer is correct. Thank you!

FUTURE AND PRESENT VALUE OF ANNUITIES Future value (FV() function in spreadsheet software): Sni=(1+i)n-1+(1+i)n-2+ Present value (PV() function in spreadsheet software): (1+i)n 1 ... + (1 + i) + 1 = i 1 (1+i) -n 1 1+i i = i = (1+i) =v+v+...+v1 +v= where v = "nu" (Greek) = is the discount factor.